Courtesy of: John Allen, Seven Gables Real Estate, johnclydeallen@gmail.com
Courtesy of: John Allen, Seven Gables Real Estate, johnclydeallen@gmail.com
$3,385,000
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10 bed
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9.00 Bath (9 Full)
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Lot: 6,719.00 Square Feet
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Other
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$3,385,000
994 Valencia Street Offered at $3, 385, 000, this 6-unit multifamily property in Costa Mesa provides a strong turn-key opportunity in a supply-constrained market. Originally constructed in 1964 as a 4-plex, the building was expanded in the past year with the addition of two brand-new ADUs. The property now totals 5, 267 SF and has been extensively renovated with over $750, 000 in recent improvements, including modern unit interiors and durable finishes. The unit mix includes studio, one-, two-, and three-bedroom layouts, designed to capture a wide range of tenant demand. With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation. Located near South Coast Plaza, The Camp, and major transportation corridors, the property combines stable tenant demand with proven rental performance, making for a strategic investment in a highly sought-after Orange County submarket.
Courtesy of: John Allen, Seven Gables Real Estate, johnclydeallen@gmail.com
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